New RM100b EPF fund set to boost Islamic finance in M'sia

Kuala Lumpur

MALAYSIA'S Islamic finance market is set for a much-needed boost when the country's largest pension fund launches a RM100 billion (S$33.5 billion) Islamic fund in January, offering a potential boon for asset managers.

The Employees Provident Fund's (EPF) syariah-compliant pension plan opened to acclaim this week with Malaysians lining up outside its offices to invest.